Nestle India - CMP 7132, 8th Sept

Nestle India - Daily Chart with 200 EMA.

Stock has come out from the consolidation phase post the negative news flow around in past. Stock is now trading above the 200 EMA and is respecting that on corrections, which is a positive sign for the stock.

Nestle India - Weekly Chart -Log Scale

Stock is forming a CnH pattern on weekly charts with a breakout point at 7250.

Nestle India - Monthly Chart

Best part of the post now, Stock is forming a CnH on a Monthly chart as well with a breakout point at 7250.

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